Donaco has revealed that revenue fell 46.4 per cent during the second quarter of the year due to Covid-19 restrictions.
Australia.- Donaco International has reported that revenue for the second quarter of the year was down 46.4 per cent to AU$1.5m. EBITDA was AU$0.5m.
The company said it has kept an emphasis on continued cost control measures and mitigation activities, which resulted in a reduction in operating expenses to A$U1.3m.
Donaco agreed a new repayment plan on debts, comprising an alternative monthly repayment of US$1m over six months between June 2021 to November 2021 and a final instalment of US$1.8m to be paid by 31 December 2021.
For the first quarter of the year, Donaco reported that revenue was down from AU$6m in the prior quarter to AU$2.8m. EBITDA for the quarter was AU$0.29m.